Assetz Capital, one of the UK’s largest Peer-to-Peer platforms, just announced it has received full authorisation from the UK regulator, the Financial Conduct Authority (FCA). The company has lent more than £316 million to businesses nationwide. Following its successful FCA application, Assetz Capital is now in the final stages of completing its work on its…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Wilkins Developments. Wilkins Developments is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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Total trading volumes across Moscow Exchange (MOEX)`s markets increased in August by 21.1% YoY to RUB 87.2 trln. All of Moscow Exchange's markets posted robust growth in August: the Bond Market (+84.6% YoY), Precious Metals Market (+77.3% YoY), Money Market (+36.9% YoY), Equity Market (+26.3% YoY), FX Market (+19.1% YoY); open interest in derivatives increased…
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The Administrative Appeals Tribunal announced that has affirmed decisions by ASIC to cancel the Australian financial services (AFS) licenses of Mark Raymund Power and Mark Power Financial Pty Ltd (MPF); and to refuse a license application made by Global Financial Markets Pty Ltd (GFM). On 14 November 2011 ASIC cancelled the licenses of Mr Power…
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Moscow Exchange has revised the constituent lists of the Moscow Exchange Indices as well as free floats effective from September 22, 2017. PJSC "RussNeft and DR of Lenta will be added to the MICEX Index and the RTS Index, while PJSC Uralkali ords and PJSC Bashneft prefs will be removed. The constituent lists of the…
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The Hong Kong Securities and Futures Commission (SFC) today obtained disqualification orders in the Court of First Instance against the former chairman, Mr Li Hejun, and four current independent non-executive directors, Ms Zhao Lan, Mr Wang Tongbo, Mr Xu Zheng and Mr Wang Wenjing, of Hanergy Thin Film Power Group Limited (Hanergy). Li was disqualified…
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Trading activity on SIX Swiss Exchange has continued to increase over the year. The year-to-date figures for July were significantly higher than the previous year and the trend was even more pronounced in August. The highlights include: Trading turnover of CHF 919.2 billion (+7.1% YoY) since the start of the year Total trades in the…
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Euronext, the pan-European exchange in the Eurozone, announced today the opening of new offices in five European cities outside its core markets – in Germany (Frankfurt, Munich), Italy (Milan), Spain (Madrid) and Switzerland (Zurich) – to assist Tech companies in developing their business on a greater scale through capital markets. The countries were selected for…
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Cyprus financial regulator Cyprus Securities and Exchange Commission (CySEC) just notified the changes introduced in relation to Passporting Issues and the provision of investment services and activities by third country firms under MiFID II. LeapRate already posted an article on the changes MiFID II will bring to those who passport financial licenses. The complete text…
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The clock is ticking: Only four more months until the biggest market reform of the last decade kicks off. The Markets in Financial Instruments Directive (short: MiFID) II will fundamentally re-design Europe’s derivatives markets and provides strategic opportunities for Eurex, one of the leading derivatives exchanges and part of Group Deutsche Börse. Eurex is about…
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